26/04/2006 - Eurotunnel obtains 3rd waiver to allow it to negotiate all creditors.
At the end of voting yesterday, 25 April 2006, a new waiver period, until 12 July, had been agreed by Eurotunnel's creditors (Senior creditors 84.09% in favour, Co-financiers 67.52%).
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Eurotunnel manages the infrastructure of the Channel Tunnel and operates accompanied Truck Shuttle and Passenger Shuttle (car and coach) services between Folkestone, UK and Calais, France. Eurotunnel also earns toll revenue from train operators (Eurostar for rail passengers, and EWS and SNCF for rail freight) which use the Tunnel. Eurotunnel is quoted in London, Paris and Brussels. |